Re:Tariffs result in 10% laptop price hike in U.S. says Acer...
by myrmidon on Tuesday February 18, 2025 @12:08PM
(#43092197)
You misunderstand the argument.
The population being taxed via tariffs instead of income/capital gains is a net gain for wealthy people always, because they spend a much smaller fraction of their income, and a significant portion of the "tariff-base" is fixed-cost like.
Consider an iphone or a washing machine: Basically everyone is gonna pay those tariffs once, it does not matter if you work a construction job or own a whole city block.
The population being taxed via tariffs instead of income/capital gains is a net gain for wealthy people always, because they spend a much smaller fraction of their income, and a significant portion of the "tariff-base" is fixed-cost like.
Consider an iphone or a washing machine: Basically everyone is gonna pay those tariffs once, it does not matter if you work a construction job or own a whole city block.